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Sven Lackinger

Co-Founder and CEO, Sastrify · 1 appearance on the record.

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founderexecutive

Sven Lackinger is the co-founder and CEO of Sastrify, a SaaS procurement and spend management platform founded in 2020. He previously co-founded Evopark.

14statements → 6claims → 3claims resolved → 100%fully supported → 3.86/5average certainty → 1.43/5average debate potential →

3 supported 0 partly supported 0 contradicted 3 not checkable as stated how the 6 claims stand · each chip opens the sources

6 assertions · 1 insight · 7 disclosures · every statement was checked. The predictions and assertions are the 6 claims: statements the public record can support or contradict. 3 are resolved, and 3 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Sven argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
German ESOP norms typically force founders to absorb all initial dilution
“So we made one with 15% of the original cap table at the beginning, which is again, which we also found and which we're changing now is that for some reason, it's very typical in Germany that you set it up that the original visa goes only towards the founder p…”
Sven Lackinger Jan 13, 2022 ▶ 10:59 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Sven Lackinger on measured tape to publish a rate. This says nothing about how they speak.

Everything Sven Lackinger said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Assertion Supported
German ESOP norms typically force founders to absorb all initial dilution
“So we made one with 15% of the original cap table at the beginning, which is again, which we also found and which we're changing now is that for some reason, it's very typical in Germany that you set it up that the original visa goes only towards the founder p…”
Sven Lackinger Jan 13, 2022 ▶ 10:59 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Assertion Not checkable as stated
Sastrify saves enterprise clients 3x to 4x ACV within weeks
“Typically like within like the first couple of couple of weeks, actually we saved them like three, four times of that.”
Sven Lackinger Jan 13, 2022 ▶ 6:39 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Insight
Founders should avoid launching fundraising rounds in July
“And one thing that we also did, which was not smart was we raced in July which I cannot recommend to every anyone because apparently people love to do holidays in August.”
Sven Lackinger Jan 13, 2022 ▶ 9:07 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Assertion Not checkable as stated
Competitor Vendr raised its early 2021 round at a 100x ARR multiple
“Well, it's from what I know, it's about a hundred X on the AR. So I guess that's quite the, quite what we see everywhere at the moment. So I'm not that surprised. And frankly, they're doing a really great job there.”
Sven Lackinger Jan 13, 2022 ▶ 13:23 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Disclosure
Sastrify relies on process efficiency over bulk purchasing leverage
“Yeah, we actually don't do that on a bulk level because we see that there's actually more in the, more of what we do comes from the efficiency of just doing it more often than once.”
Sven Lackinger Jan 13, 2022 ▶ 14:46 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Assertion Supported
Evopark was automaker Porsche's first-ever startup investment
“No, no, we actually raised, we were the first ever startup that Porsche, the car manufacturer invested in.”
Sven Lackinger Jan 13, 2022 ▶ 1:29 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Assertion Not checkable as stated
Sastrify's average contract value is approximately $25,000
“Our ACV is around like 25, 25 K more or less.”
Sven Lackinger Jan 13, 2022 ▶ 4:02 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Disclosure
Sastrify reached over 70 customers in its first year of operations
“Around 70. A bit more than that.”
Sven Lackinger Jan 13, 2022 ▶ 7:04 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Disclosure
Sastrify expanded its sales team from three to 11 in eight weeks
“We just did a split of SDRs and AEs and in total we have about 10 now, 11 up from three, eight weeks ago.”
Sven Lackinger Jan 13, 2022 ▶ 15:54 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Disclosure
Fully ramped Sastrify Account Executives target $500,000 in annual recurring revenue
“So once they're fully ramped it's also something like one to two customers a month which gives you like a total of about 500 K AR.”
Sven Lackinger Jan 13, 2022 ▶ 16:51 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Assertion Supported
Evopark raised just $2M to $3M before its acquisition
“We raised like single digit million back in the day. So it's like different, like smaller agents rounds and just like, yeah, no more than like two or three million in total.”
Sven Lackinger Jan 13, 2022 ▶ 1:57 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Disclosure
Sastrify's founding cap table included 5% cross-investments with former co-founders
“So all of the other two got five percent each on Sastrify. And we did the same thing with their new business. So we kind of like cross-invested each five percent at the beginning. So the original cap table was basically 45, 45, and then five twice for the othe…”
Sven Lackinger Jan 13, 2022 ▶ 3:07 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Disclosure
Sastrify's $7M seed round included no secondary share sales
“No, that was all going on the balance sheet.”
Sven Lackinger Jan 13, 2022 ▶ 11:43 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Disclosure
Sastrify scaled to approximately 53 employees by January 2022
“I think in total, we're about 53 right now.”
Sven Lackinger Jan 13, 2022 ▶ 12:10 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months

Appearances (1)

EpisodeDateSpeaking time
Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months Jan 13, 2022 9m
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